Newterra Resources arranges $100,000 private placement

Mr. Darren Blaney reports NEWTERRA RESOURCES ANNOUNCES UP TO $100,000 PRIVATE PLACEMENT FINANCING Newterra Resources Inc. proposes to undertake an up-to-$100,000 non-brokered private placement of up to two million units, to be sold to eligible purchasers at a price of five cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of six cents at any time on or before that date that is 24 months after the closing date of the offering. The units are being offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The proceeds received from the sale of the Units will be used for general working capital. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. It is anticipated that insiders of the company will participate in the offering. The participation of any insiders may be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the company is not listed on any of the exchanges or markets outlined in Subsection 5.5(b) of MI 61-101, and the fair market value of the securities to be distributed to the insiders will not exceed 25 per cent of the company's market capitalization. About Newterra Resources Inc. Newterra is a mineral resource exploration company with a focus on precious metals. The company's material property is the Iron Horse project, located near Kelowna, B.C., Canada. We seek Safe Harbor.